Page 150 - Martin Marietta - 2023 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)

Assets employed by segment include assets directlyidentified with those operations. Corporate assets consist primarily of cash,
cash equivalents and restricted cash; property, plant and equipment for corporate operations; restricted investments; and other
assets not directlyidentifiable with a reportable segment.
The following tables display selected financial data for the Company’s reportable segments. Total revenues, as presented on the
consolidated statements of earnings and comprehensive earnings, reflect the elimination of intersegment revenues. Total
revenues and earnings (loss) from operations reflect continuing operations only.
years ended December 31
(in millions)
Total revenues 2022 2021 2020
ast Group $ 2,468.1 $ 2,303.0 $ 1,949.1
West Group 3,388.6 2,812.3 2,538.1
Total Building Materials business 5,856.7 5,115.3 4,487.2
Magnesia Specialties 304.0 298.7 242.7
Total $ 6,160.7 $ 5,414.0 $ 4,729.9

years ended December 31
(in millions)
Earnings (Loss) from operations 2022 2021 2020
East Group $ 640.2 $ 621.7 $ 522.1
West Group 588.1 385.2 471.3
Total Building Materials business 1,228.3 1,006.9 993.4
Magnesia Specialties 75.2 90.8 70.7
Corporate (96.8) (123.9) (58.7)
Total $ 1,206.7 $ 973.8 $ 1,005.4

Earnings from operations for the West Group included a nonrecurring gain on divestiture of $151.9 million in 2022 and
nonrecurring gains on sales of investment land and divested assets of $69.9 million in 2020.

December 31
(in millions)
Assets employed 2022 2021 2020
East Group $ 5,063.5 $ 5,009.0 $ 4,342.5
West Group 7,908.4 8,264.8 5,355.5
Total Building Materials business 12,971.9 13,273.8 9,698.0
Magnesia Specialties 192.1 168.7 167.9
Corporate 1,829.6 950.5 714.9
Total $ 14,993.6 $ 14,393.0 $ 10,580.8

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